Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Garud Credit & Holding (P) Ltd. v. ITO (2023) 226 TTJ 989 (Kol)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue–Invalid assessment-Notice under section 143(2) is not served-Reassessment is bad in law-Issue of shares-Share capital-Order was passed after detailed investigation-Revision is bad in law.[ S. 56, 68, 143(2), 147, 148]

IMC Ltd v. PCIT (2023) 226 TTJ 180 (Kol)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Merger-Interest free funds-Issue is subject matter of appeal before CIT(A)-Revision is bad in law-Transfer pricing-Section 92BA(i) is omitted.w.e.f. I st April, 2017 No ALP is required to be determined in respect of a domestic transaction-No reference was required to the TPO-Revision is bad in law. [ S.14A, 40A(2), 92BA, 92C, R.8D]

Kalinga Institute of Social Sciences (KISS) v. CIT (2023) 226 TTJ 957 (Cuttack)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Show cause notice-Advertisement expenses-Without issuing show cause notice cannot direct the Assessing Officer to verify the bills and vouchers. [ S.40(a)(ia), 40A(3), 143(3)]

Dy.CIT v. N.R.Wires (P) Ltd (2023) 224 TTJ 450 (Raipur)(Trib)

S. 254(2): Appellate Tribunal-Rectification of mistake apparent from the record-Subsequent decision of Supreme Court-Delayed payment of employees contribution towards ESI and EPF-Orders allowing the appeals are recalled. [ S. 2(24)(x), 36(1)(va), 43B]

Dy.CIT v. Suman Solanki (2023) 225 TTJ 377/229 DTR 265 /(2024) 208 ITD 203 / 110 ITR 516 (Jaipur)(Trib)

S. 254(2): Appellate Tribunal-Rectification of mistake apparent from the record-Subsequent Supreme Court decision-Contribution to ESI and PF-Paid before due date of filing of return-Miscellaneous application filed by the Revenue is dismissed. [ S. 36(1)(va),139(1), 143(1)]

Dy.CIT v. Chhattishgarh State Electricity Board (2023) 226 TTJ 861 (Raipur)(Trib)

S. 253 : Appellate Tribunal-Appeals-Delay of 3966 days-Condoned-Cost of Rs 20000 is imposed on Revenue to be paid to Prime Minister National Relief fund-Bad debt-Reassessment-On merit the matter remanded to the file of the CIT(A) to decide a fresh in accordance with law. [ S.36(1)(vii), 143(3), 147, 148, 154, 253(5), 254(1)]

Bhuramal Rajmal Surana & Sons (P) Ltd v. ACIT(2023) 225 TTJ 122 (SMC)(Jaipur)(Trib)

S. 251 : Appeal-Commissioner (Appeals)-Powers-Direction to initiate penalty proceedings-No proceedings were pending before CIT(A)-Direction to initiate penalty proceedings after culmination of appellate proceedings are without jurisdiction.[ S. 154, 250, 270A]

CITI Plaza v. ITO (2023) 226 TTJ 30 (UO) (Amritsar)(Trib)

S. 251 : Appeal-Commissioner (Appeals)-Powers-Directions-Reassessment-Limitation-Reassessment on the basis of observation of CIT(A) is not justified-Reassessment is quashed as time barred.[ S. 147, 148, 149(1)(b), 150]

Siby Mining & Infracture (P) Ltd v ITO(2023) 225 TTJ 1 (UO) (Hyd) (Trib)

S. 249 : Appeal-Commissioner (Appeals)-Form of appeal and limitation-Pendency of rectification application under section 154-Delay of six years-Not condoned-Direction of CIT(A) to dispose the rectification application within six months is affirmed.[ S.154, 254(1)]

Nikita Kingrani v. Dy. CIT(2023) 226 TTJ 84 (UO) (Raipur)(Trib)

S. 249 : Appeal-Commissioner (Appeals)-Form of appeal and limitation-Delay of 3177 days-No reasonable cause-Dismissal of the appeal is held to be valid.[ S.246A, 254(1)]